MIRA
INFORM REPORT
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Report Date : |
02.07.2007 |
IDENTIFICATION DETAILS
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Name : |
K DIAM |
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Registered Office : |
Room No. 3, 16fl |
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Country : |
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Date of Incorporation : |
December 9, 2003 |
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Com. Reg. No.: |
34128892 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importing of loose diamonds. Selling of imported products to local and overseas markets. |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
K DIAM
ROOM NO. 3, 16FL
TSIMSHATSUI
TEL : 852- 23695550
FAX : 23691550
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 9, 2003
REGISTRATION NO. :
34128892
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. RAHUL BIPIN VARAIYA (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STABLE
GENERAL REPUTATION :
STEADY
EXCHANGE RATE :
HKD7.81675 = US$1 AS OF 2007-6-29
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
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License number : 34128892
Date issued : 9 December,
2003
Issuing authority : Inland
Revenue Department
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: kdiam@rediffmail.com
For the past two years there is no record of litigation.
SC declined to release their management
background at present.
Management: Mr. Rahul Bipin Varaiya, General Manager
Name Nationality
Job Description
Mr. Rahul Bipin Varaiya Indian
General Manager
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of loose diamonds.
2. Selling of imported products to local and overseas markets.
Products: Loose diamonds
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
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(1)
Exhibition fair : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Date attended : 6-9 March, 2006
Location :
(2)
Exhibition fair : Hong Kong
Int'l Jewellery Show 2007
Year attended : 2007
*Imports*
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100% of the products are imported from
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
*Bank Details*
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Bank : HANG SENG BANK LTD
Branch : Tsimshatsui
Swift code : SCBLHKHH
As a sole proprietorship there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)